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Tredegar (NYSE:TG - Get Rating) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.Tredegar Price Performance
TG stock opened at $11.51 on Friday. Tredegar has a one year low of $9.69 and a one year high of $13.47. The company's fifty day moving average price is $10.60 and its 200-day moving average price is $11.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.35. The company has a market capitalization of $391.13 million, a PE ratio of 6.58 and a beta of 0.95. Hedge Funds Weigh In On Tredegar
Several hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its stake in Tredegar by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 3,350,012 shares of the basic materials company's stock valued at $33,500,000 after purchasing an additional 156,676 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Tredegar during the second quarter valued at $101,000. Rhumbline Advisers raised its stake in Tredegar by 11.9% during the second quarter. Rhumbline Advisers now owns 81,466 shares of the basic materials company's stock valued at $815,000 after purchasing an additional 8,647 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Tredegar by 695.4% during the second quarter. JPMorgan Chase & Co. now owns 162,957 shares of the basic materials company's stock valued at $1,629,000 after purchasing an additional 142,469 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new stake in Tredegar during the second quarter valued at $66,000. Hedge funds and other institutional investors own 61.58% of the company's stock. Tredegar Company Profile (Get Rating)
Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft-alloy and medium-strength custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors.Featured StoriesGet a free copy of the StockNews.com research report on Tredegar (TG)2 Important Retail Stock Battles to WatchMarketBeat: Week in Review 8/8 - 8/12What Is WallStreetBets and What Stocks Are They Targeting?Institutions And Analysts Propel Jack In The Box Higher Can You Guess Which EV Stock Is Beating Tesla ?
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